Skyworks Solutions, Inc. (SWKS) Announces Successful Q1 FY 2009
Yesterday after the closing bell, Skyworks Solutions announced that revenue for the first fiscal quarter of 2009 totaled $210.2 million, compared to the $210.5 million generated during the same period a year earlier. More impressively, the company reported Non-GAAP diluted earnings per share for the quarter was $0.17, $0.02 better than consensus estimates. David J. Aldrich, President and CEO of Skyworks, stated, “…Skyworks delivered solid financial performance and outperformed in the first fiscal quarter of 2009 driven by accelerating energy management program ramps, new analog component product launches and smart phone demand. During the quarter we generated $75 million of…